Anonymous
08/06/2018 16:41
Subject: Help me navigate some bonus questions
Anonymous wrote:
A week per year is a farewell bonus. Severance is when you depart early and is do not give a full month (or whatever is in your contract) notice. You should have given him a farewell bonus last year, but since you didn’t hem you should do it now. One week’s pay per year is standard.
OP here. To clarify, last year in September -- based on the feedback we got here -- we gave him a large bonus, what we would have given him for the whole year if he had been full-time the whole year. And then a smaller bonus at the holidays.
For the farewell bonus, we'll stick with the week per year we'd originally envisioned, per the advice shared on this thread. Thanks, all.
Anonymous
08/06/2018 16:40
Subject: Help me navigate some bonus questions
We did a week's pay. In your case I'd average what the pay was over the time he worked with you. It is different from severance, as PPs noted. If you're in a position to do a week per year, that's great, but most people aren't and don't.
Anonymous
08/06/2018 15:17
Subject: Help me navigate some bonus questions
Anonymous wrote:A week’s pay per year is a severance pay recommendation, which doesn’t apply in your case since it was a mutually beneficial decision and he left your full-time employment to take another job. I would probably give him the usual end of year bonus and a small gift.
A week per year is a farewell bonus. Severance is when you depart early and is do not give a full month (or whatever is in your contract) notice. You should have given him a farewell bonus last year, but since you didn’t hem you should do it now. One week’s pay per year is standard.
Anonymous
08/06/2018 14:28
Subject: Help me navigate some bonus questions
Three to four weeks pay is beyond what most employers can afford but do it if you can, OP.
Anonymous
08/06/2018 13:37
Subject: Help me navigate some bonus questions
Also, good for you for still doing this. A lot of people would have forgotten about it, essentially, given that the nanny already has a new job, and you've cut back to once a week for a year.
Anonymous
08/06/2018 13:36
Subject: Help me navigate some bonus questions
Anonymous wrote:Hi all — this is the OP from a year ago. Thanks for your advice then. Coming back now for more.
So to recap: our beloved nanny has been with us for 4.5 years. 3.5 of those were full-time and the past year has been just one day/week. We are now having to say a final goodbye to him (I’m still in denial).
I’m inclined to give him whatever farewell bonus we would have done if he were still full-time with us. What say you? And what’s the typical figure these days - I have heard of a week’s pay for each year of employment - is that still about right?
TIA!
Yes. One week per year of employment. You could do 3.5 weeks at the 40-hour rate and a little less for this last year, so maybe 4 years worth at the 40-hour rate.
We just said goodbye to our nanny of four years. It was a bonus, not severance, and a thank-you gift. We did four weeks of pay.
Anonymous
08/06/2018 13:09
Subject: Help me navigate some bonus questions
^^With the small gift being something the children picked out themselves or made.
Anonymous
08/06/2018 13:08
Subject: Help me navigate some bonus questions
A week’s pay per year is a severance pay recommendation, which doesn’t apply in your case since it was a mutually beneficial decision and he left your full-time employment to take another job. I would probably give him the usual end of year bonus and a small gift.
Anonymous
08/06/2018 08:17
Subject: Help me navigate some bonus questions
Hi all — this is the OP from a year ago. Thanks for your advice then. Coming back now for more.
So to recap: our beloved nanny has been with us for 4.5 years. 3.5 of those were full-time and the past year has been just one day/week. We are now having to say a final goodbye to him (I’m still in denial).
I’m inclined to give him whatever farewell bonus we would have done if he were still full-time with us. What say you? And what’s the typical figure these days - I have heard of a week’s pay for each year of employment - is that still about right?
TIA!
So to recap: our beloved nanny has been with us for 4.5 years. 3.5 of those were full-time and the past year has been just one day/week. We are now having to say a final goodbye to him (I’m still in denial).
I’m inclined to give him whatever farewell bonus we would have done if he were still full-time with us. What say you? And what’s the typical figure these days - I have heard of a week’s pay for each year of employment - is that still about right?
TIA!
Anonymous
08/08/2017 14:04
Subject: Help me navigate some bonus questions
I would give him his yearly bonus now, as a thank you, and only a token amount at Christmas this year, and then the big "farewell" bonus next year (since there will be no Xmas bonus).
Just explain to him what you're doing.
My reasoning is that come Christmas, you are not going to feel like handing a one-day-a-week employee essentially 6 weeks of pay as a bonus, even if intellectually you know that it was based on the "old" weekly pay. End the old job and start anew.
Just explain to him what you're doing.
My reasoning is that come Christmas, you are not going to feel like handing a one-day-a-week employee essentially 6 weeks of pay as a bonus, even if intellectually you know that it was based on the "old" weekly pay. End the old job and start anew.
Anonymous
08/07/2017 23:21
Subject: Help me navigate some bonus questions
Anonymous wrote:Our nanny has been caring for DD and the other child in our share 4 days/week since they were 3 and 5 months old, respectively. Due to a few factors (kids starting preschool, nanny is tired of his long commute) we're ending the share and the nanny has decided to take a new position much closer to home 4 days/week (though he will still be with DD one day a week -- he just couldn't bear to cut the cord entirely!). So, we are going from a 40-hour workweek with him to a 10-hour workweek.
So here are my questions about bonuses:
1. "Farewell" bonus? I feel like when we finally part ways permanently (fall of 2018), we will want to give him some kind of a farewell bonus. But given that he will still be at our house one day/week taking care of DD for this coming school year, we're not actually saying a full farewell yet. Do we need to give him anything financial to mark the end of these several years of full-time care, now that we are cutting down to part-time? Or is that more on our share family, since they are saying a final goodbye to him now, and we can wait till next year?
2. How to handle other bonuses? We will continue to do other bonuses at the holidays/anniversary this year -- since they happen around the same time (he started in January) we have been giving him two weeks' pay at year-end. This winter will be sort of an odd one though -- he will have worked 40 hours/week for us Jan-Aug and then 10 hours/week Sept-Dec. It feels weird to just give him two weeks' worth of 10 hours/week...but it also feels strange to offer two full weeks of his 40 hour/week salary (I'm kind of thinking, isn't that on his new family to shoulder?) What do you think?
Thanks for any advice.
I think that if you decide to give him a farewell bonus, then that should be given to him when you actually say "farewell."
As for his bonuses for holiday/anniversary, you should cut your bonus in half and leave the other family to either give a full two weeks or the other half to your bonus (if he is working 40 hours with them). If you think giving him one week vacation is extreme for a 10 hour work week, then I would suggest a meaningful gift, gift card to his favorite restaurant or maybe 2 or 3 day of PTO. Or even combine a gift (gift card with 2 days PTO or whatever).
Anonymous
08/07/2017 23:08
Subject: Help me navigate some bonus questions
Our nanny has been caring for DD and the other child in our share 4 days/week since they were 3 and 5 months old, respectively. Due to a few factors (kids starting preschool, nanny is tired of his long commute) we're ending the share and the nanny has decided to take a new position much closer to home 4 days/week (though he will still be with DD one day a week -- he just couldn't bear to cut the cord entirely!). So, we are going from a 40-hour workweek with him to a 10-hour workweek.
So here are my questions about bonuses:
1. "Farewell" bonus? I feel like when we finally part ways permanently (fall of 2018), we will want to give him some kind of a farewell bonus. But given that he will still be at our house one day/week taking care of DD for this coming school year, we're not actually saying a full farewell yet. Do we need to give him anything financial to mark the end of these several years of full-time care, now that we are cutting down to part-time? Or is that more on our share family, since they are saying a final goodbye to him now, and we can wait till next year?
2. How to handle other bonuses? We will continue to do other bonuses at the holidays/anniversary this year -- since they happen around the same time (he started in January) we have been giving him two weeks' pay at year-end. This winter will be sort of an odd one though -- he will have worked 40 hours/week for us Jan-Aug and then 10 hours/week Sept-Dec. It feels weird to just give him two weeks' worth of 10 hours/week...but it also feels strange to offer two full weeks of his 40 hour/week salary (I'm kind of thinking, isn't that on his new family to shoulder?) What do you think?
Thanks for any advice.
So here are my questions about bonuses:
1. "Farewell" bonus? I feel like when we finally part ways permanently (fall of 2018), we will want to give him some kind of a farewell bonus. But given that he will still be at our house one day/week taking care of DD for this coming school year, we're not actually saying a full farewell yet. Do we need to give him anything financial to mark the end of these several years of full-time care, now that we are cutting down to part-time? Or is that more on our share family, since they are saying a final goodbye to him now, and we can wait till next year?
2. How to handle other bonuses? We will continue to do other bonuses at the holidays/anniversary this year -- since they happen around the same time (he started in January) we have been giving him two weeks' pay at year-end. This winter will be sort of an odd one though -- he will have worked 40 hours/week for us Jan-Aug and then 10 hours/week Sept-Dec. It feels weird to just give him two weeks' worth of 10 hours/week...but it also feels strange to offer two full weeks of his 40 hour/week salary (I'm kind of thinking, isn't that on his new family to shoulder?) What do you think?
Thanks for any advice.